Trump Media & Technology Group, which oversees Truth Social, announced Tuesday that cow enthusiast and former Representative Devin Nunes is stepping down after more than four years with the company. The news of his departure was authored by Trump’s son, Donald Trump Jr., who sits on the company’s board and runs a trust managing the president’s 115 million shares in the venture.
While Trump has made Truth Social his main communications platform, it doesn’t seem to have helped his company in any way. A $6 billion merger with TAE Technologies, a fusion power company, in December to create one of the first publicly traded nuclear fusion companies gave Trump Media stock only a brief boost.
As of February, the company was considering spinning off Truth Social in another merger with Texas Ventures Acquisition III Corp., a shell company designed for mergers. The new interim CEO of Trump Media, Kevin McGurn, happens to be the CEO of Texas Ventures. While Trump Media’s news release didn’t mention the merger, it seems like Trump might dump his once-promising cash cow pretty soon.
Hence then, the article about trump media ceo leaves after massive stock collapse was published today ( ) and is available on The New Republic ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Trump Media CEO Leaves After Massive Stock Collapse )
Also on site :
- New York lawsuits target prediction market giants Coinbase and Gemini in major showdown
- Widow who lost life savings in romances scams died in Ghana crash after traveling ‘for marriage’
- Ralph Fiennes, Viggo Mortensen, Charlotte Rampling, Katherine Langford & More Set For István Szabó’s ‘Embers’; Filming Underway & First Looks Revealed With Embankment Aboard For Cannes Market